Question

Define Social Entrepreneurship/Social Enterprise - List Several in the Seattle Area and discuss their impact.

Answer 1

Answer :-Social entrepreneurship is an attempt by entrepreneurs, individuals, groups, start up companies to fund and solve social, cultural and environmental issues. Social enterprise are non -profit or profit oranganistaion that contribute to social welfare. They are meant for alleviating poverty, health care and community development.

Sometimes profit making social enterprises are introduced for supporting social and cultural goals of organisation rather than it's own well being. For example:- organisation that provides homeless shelter and employment may operate restaurant to raise funds and to provide homeless job.

*Social enterprise in Seattle area's are :-

Starbox grocers (getting local food to food deserts), Island wood (provides environmental education), Equal opportunity schools, Lumana ( provides financial help for poverty in ghana), Microryza ( getting funds for science projects).

*Impacts of social enterprise in seattle:-

* Social enterprise in Seattle are changing the world:-fledge launched some social enterprise in Seattle such as community sourced capital is a company created for crowdfunding to give zero interest loan to local people, community based businesses.

Close to home is another company by fledge corporation provides post disaster shelter to the people during reconstruction.

The city has wealthy corporates ( microsoft, Amazon and boeing) which are giving back their profit for social well being and even government is taking initiatives to flourish social enterprises.

Seattle is number one charitable city in the whole country and can be capital of social entrepreneurship in near future.